European Central Bank leaves key rate unchanged

WilliamL. Watts

LONDON (MarketWatch) -- The European Central Bank on Thursday left its key lending rate unchanged at a record low 1%. The decision was widely expected. Attention now turns to ECB President Jean-Claude Trichet's upcoming monthly news conference. Earlier, the Bank of England said its Monetary Policy Committee voted to leave its key lending rate unchanged at 0.5% and to leave its 200 billion pound ($315 billion) asset-buying program on hold.

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